FACTORS AND MECHANISMS OF ECONOMIC GROWTH IN TRANSITION ECONOMIES OF DIFFERENT TYPES (CASE OF ROMANIA)

Lucian Albu () and Andrei Roudoi ()
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Andrei Roudoi: Global Insight (DRI-WEFA), Washington, DC, USA

Journal for Economic Forecasting, 2003, issue 4, 50-64

Abstract: The paper analyzes the dynamics and structure of GDP in Romania during the transition period. Two simulation scenarios are proposed on the basis of a standard production function. The first simulation uses an augmented production function with FDI and exports, while the second simulation uses a standard Cobb Douglas production function. In order to realize the simulation, an estimation of the capital stock is proposed, underlining in these scenarios that foreign investments are expected to play a major role in the economic growth during the simulation period.

Keywords: forecasting; production function; economic growth (search for similar items in EconPapers)
JEL-codes: C53 E23 E25 O4 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2003:i:4:p:50-64

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